Full Transcript of Alloy’s 3Q05 Conference Call — Prepared Remarks (ALOY)

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Earnings Call Excerpt

Here’s the entire text of the prepared remarks from Alloy’s (ticker: ALOY) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.

Executives:

Jodi Smith, Investor Relations
Matt Diamond, Chairman and Chief Executive Officer
Rob Bernard, Chief Executive Officer, dELiA*s Inc.
Jim Johnson, Chief Operating and Financial Officer

Analysts:

Jeff Van Sinderen, B. Riley, Analyst
Douglas Anmuth, Lehman Brothers, Analyst
Paul Suns (ph), Suns Partners, Analyst
Brian Gonick (ph), Corsair Capital, Analyst

Presentation

Operator

Good afternoon. My name is Kiwi and I will be your conference facilitator. At this time I would like to welcome everyone to the Alloy Third Quarter Earnings Conference Call.

Operator Instructions

Thank you, Miss Smith, you may begin your conference.

Jodi Smith, Investor Relations

Thank you, the following discussion may contain forward-looking statements that involve risks and uncertainties including statements regarding Alloy's expectation and beliefs regarding its future results or performance. When used in this discussion the words anticipate, believe, estimate, expect, expectation, project, and intend and similar expressions are intended to identify such forward-looking statements.

Alloy's actual results could differ materially from those projected in the forward-looking statements. Alloy does not intend to update any forward-looking statements except as required by law. For a complete articulation of Alloy's Safe Harbor language and factors that could cause actual results to differ, please refer to have the Company's earnings release issued this afternoon and its filings with the Securities and Exchange Commission.

I will now turn the call over to Matt Diamond, Alloy's CEO.

Matt Diamond, Chairman and Chief Executive Officer

Thank you. Good evening and thank you for joining us to review Alloy's third-quarter results for fiscal 2005. With me today are Jim Johnson, our Chief Operating and Chief Financial Officer; and Rob Bernard, the Chief Executive of our dELiA*s Inc. merchandising business. We are pleased to report that the Company produced strong financial results in our important fiscal third quarter.

Sales, gross profit and net income were all will up significantly over last year and each of our business segments contributed to the strong performance. Total company adjusted EBITDA improved approximately $6 million in the third quarter versus last year and after three quarters of fiscal 2005, adjusted EBITDA has increased $17 million versus last year. Although we haven't yet reached peak holiday season. We expect our operating and financial momentum to continue to the fourth quarter.

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